On June 17, 2025, the Securities and Exchange Commission (SEC) published their Semi-Annual Report to Congress Regarding Public and Internal Use of Machine-readable Data for Corporate Disclosures. This report, which is required to be prepared every six months per the Financial Data Transparency Act (FDTA), contains an identification of which data is prepared in machine-readable format, a cost/benefit analysis of the use of the data, a summary of enforcement actions taken through the use of machine-readable data, and an analysis of how the Commission uses the data.
The report noted that the Commission has not adopted any new rules requiring the use of structured data since the last semi-annual report. Currently there are 55 forms, schedules and statements containing disclosures. 43 out of 55 require some machine-readable data.
Read the report.
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